Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

UAE’s real estate market to stabilise in 2020, says JLL

In Q2, the UAE government announced a number of initiatives, with the aim of driving economic diversification and stimulating weakened market demand.

Abu Dhabi’s $697 Billion Wealth Fund Is Hiring

ADIA’s returns fell to the lowest since it began reporting in 2008.Still, the fund almost matched the performance of the S&P 500 stock index, which had an average annualized return of about 5.6% over the past 20 years.

2017 to 2019: How 50 Cities Scored on Supporting Women Entrepreneurs Then to Now

Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.

Banking, petrochemical shares boost Tadawul

In Saudi Arabia, the Tadawul main index rose 0.5 percent, with banks and petrochemical companies leading the gains

Al-Hajraf underlines Kuwait’s active role in AIIB 4th meeting

Kuwait’s finance minister holds meetings with bank’s top officials]

How Africa is setting an example for Arabs

Taking a cue from the African Union, the Arab world can create a viable free trade zone

Positive outlook for Abu Dhabi's real estate market

Corrections in the sales market resulted in price declines for both apartments and villas of 5% and 3% respectively Q-on-Q;

The GCC's smallest island is attracting startup attention

The tiny nation – the smallest in the GCC – is punching well above its weight

Wealth in Kuwait

Kuwait is one of only five countries with a per capita gross national income of more than $70,000.

Dubai Business Events secures 17% growth in event delegates

During H1, Dubai won a variety of key business events across multiple sectors and industries, including: the Amway China Leadership Seminar 2020, which is expected to attract 8,000 delegates, Sun Hope International Incentive 2020, with 1,500 delegates, Wo

Total UAE banking reserves rise to over $81bn

Central Bank of the UAE says reserves have increased by $1.36bn in first five months of 2019

GCC banks resilient to 'modest' geopolitical risks: S&P Global

“In a modest stress case, the UAE banking system displays the highest resilience in the GCC. There are no funding gaps for the UAE banks and they have a strong net external asset position,” Benjamin J Young, director at S&P Global Ratings

The Global CIO Office Weekly - How Much Lower for Government Bond Yields?

For someone unschooled in the events of the last decade, yields at these levels would seem to indicate the onset of a recession of note or at least some other systemic event of dire consequence.

Geopolitical risk could see GCC banks require sovereign support

On the potential implications for banks and sovereigns in the GCC in a hypothetical scenario, the global ratings agency assumes that 25 percent of total foreign interbank deposits and 40 percent of foreign customer deposits would leave the GCC countries.

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